Oil prices edged up on Friday in choppy trading after Russia said it will not supply crude to countries that decide to impose a price cap on…
ECONOMY Feed Atom
National envoys to the European Union debated on Friday a compromise to a European Commission proposal that all 27 EU countries cut their natural gas use after…
Mexico’s government will hold frank and open discussions to resolve a dispute with the United States and Canada over Mexican energy policies that they argue breaches a…
The Chief Executive of National Iranian Oil Company (NIOC) announced that three other phases of Refinery 14 of South Pars Gas Field will be put into operation,…
Eni said on Thursday it would receive about 36 million cubic metres of gas from Russia’s Gazprom (GAZP.MM), up from the daily average volumes…
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, allaying some of Europe’s immediate supply fears but not enough to…
Islamic Republic of Iran will export four million barrels of oil to the Bolivarian Republic of Venezuela in the current month.
Iran is increasing…
Tehran and Ankara agreed to start negotiations on a new gas exports agreement which would allow an increased supply of natural gas from Iran to Turkey for…
The European Union has set out emergency plans for countries to cut their gas use by 15% until March, warning them that without deep reductions they could…
Oil prices fell on Wednesday, after U.S. government data showed lower gasoline demand during the peak summer driving season and as interest rate hikes by central banks…
The European Union told member states on Wednesday to cut gas usage by 15% until March as an emergency step after President Vladimir Putin warned that Russian…
Noting that the nuclear deal is not dead yet, the US Deputy Secretary of State stated that the world needs Iran’s oil.
Negotiations to…
The National Iranian Oil Company and Russian gas producer Gazprom inked on Tuesday a memorandum of understanding (MoU) worth around $40 billion.
Iranian and…
Energy Minister Ali Akbar Mehrabian underlined on Tuesday that Iran is the top producer of electricity in West Asia, and said Tehran is planning on inking long-term…
A Milan Appeal Court acknowledged on Tuesday the dropping of criminal proceedings in a Nigeria corruption case, finalising the acquittal of Eni (ENI.MI) and Shell…
Oilfield services provider Halliburton Co (HAL.N) on Tuesday posted a 41% increase in second-quarter adjusted profit compared to the first quarter, and predicted years of…
Russian gas flows via the Nord Stream 1 pipeline are seen restarting on time on Thursday after the completion of scheduled maintenance, two sources familiar with the…
Russia’s crude flows are coming down, but higher oil prices are cushioning the impact on the Kremlin’s war chest.
There are tentative signs that…
Canada on Monday launched consultations on a plan to cap and cut greenhouse gases from the oil and gas sector, its largest and fastest-growing source of emissions,…
Major crude oil producers have spare capacity and are likely to boost supplies following President Joe Biden’s visit to the Middle East, a senior U.S. energy envoy…